WOMAN'S FRIEND SOCIETY

EIN: 042121657 501(c)(3)

SALEM, MA

Total Revenue
$200,738
Total Expenses
$196,406
Total Assets
$1,384,214
Net Assets
$1,380,664
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1876
Legal Domicile
MA
Principal Officer
LINDA FINN
Phone
9787442137
Tax Period
2023-01-01 to 2023-12-31

WOMAN'S FRIEND SOCIETY, founded in 1876, is a small nonprofit that reported $201K in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year. Net assets of $1.4M represent 83 months of operating reserves.

Mission

LOW COST HOUSING FACILITIES FOR WOMEN

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $24,958
Program Service Revenue $793
Investment Income $55,299
Other Revenue $119,688
TOTAL REVENUE $200,738

Expense Breakdown

Grants Paid $0
Salaries & Benefits $31,672
Fundraising Expenses $642
Program Expenses $166,696
Other Expenses $164,734
TOTAL EXPENSES $196,406

Year-over-Year Comparison

2023 2022 Change
Revenue $200,738 $213,395 -0.1%
Expenses $196,406 $128,372 +0.5%
Net Income $4,332 $85,023 -0.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
14
Independent Members
14
Employees
1
Volunteers
13

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LEONETTE STROUT RESIDENCE COMMITTEE CHAIR 1.00
Director
$0 $0 $0
SUSAN MOLONEY OUTREACH COMMITTEE CHAIR 1.00
Director
$0 $0 $0
LINDA VAUGHAN OUTREACH COMMITTEE CHAIR 1.00
Director
$0 $0 $0
LYNDA COFFILL BYLAWS 1.00
Director
$0 $0 $0
DANA BEAUVAIS HOSPITALITY COMMITTEE CHAI 1.00
Director
$0 $0 $0
JUNE GUARENTE DIRECTOR 1.00
Director
$0 $0 $0
MARY ELLEN HALLIWELL GARDEN COMMITTEE CHAIR 1.00
Director
$0 $0 $0
LINDA FINN PRESIDENT 1.00
Officer
$0 $0 $0
SUSAN GONIPROW TREASURER 4.00
Officer
$0 $0 $0
MARTHA BAGBY CORRESPONDING SECRETARY 1.00
Officer
$0 $0 $0
CAROL WILSON RECORDING SECRETARY 1.00
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $200,738 $196,406 $1,384,214 $4,332
2022 $213,395 $128,372 $1,259,039 $85,023
2021 $139,824 $146,796 $1,396,702 $-6,972
2020 $136,393 $132,198 $1,239,955 $4,195
2019 $165,116 $168,047 $1,061,604 $-2,931
2018 $151,554 $160,724 $892,135 $-9,170
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